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[Daily Discussion] Wednesday, July 17, 2019

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Lei Dun Exchange 7.17 days market: has fallen to around 9000 US dollars, how to operate in the market outlook

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https://i.redd.it/e2spkw1r7ta31.png

Yesterday, BTC fell below 10,000 US dollars and quickly rebounded to around 11,000 US dollars on the 5th line. Because it fell below the $10,000 mark, or because of panic selling, the bitcoin short-term decline intensified; BTC fell sharply again in the early morning, the lowest Near the $9,250, there have been four consecutive columns, and the current price is below 9600. It has broken the important support below. From the technical indicators, the market is weaker and shrinks. The Bollinger line continues to close, and the price is Below the middle of Bollinger, it was suppressed by the 5-day line.

Operationally, today's pressure level is 9700, support level is 8700, short-term position is 30% rebound, fast forward and fast.

On the whole, the BTC's sharp correction has made the short-term trend weak and the general trend bearish. However, since the obvious double-headed trend has been established, although the market outlook will rebound, it is still a rebound in the decline. If the $9000 barrier is not ok, BTC will test the $8,000 position. Don't be too alarmed, the decline will not be too big, but for real cryptocurrency investors, the chance of buying Bitcoin at a low price is quietly approaching. It is speculated that if it falls below 9000 US dollars, it will wait for the regular currency opportunity.

The main reason for the decline is that the United States has stepped up its supervision. The two recent events are likely to make the US version 94. For the 94 incident, I believe that the old amaranth knows what is going on. The US Senate Banking Committee held a Facebook Libra hearing on July 16. Yes, Senators questioned David Marcus, head of the Facebook blockchain, about Facebook's privacy and trust. At the same time, USDT also needs to provide testimony in the near future. Once the negative impact is established, it will be a big event that sensationalizes the entire currency circle. The follow-up situation is still unclear. The bottom-up is not anxious. Even if the investment is fixed, it will take a few days to look at the market situation. The news is just an inducement, and it has been going so long, and the market should fall!

[uncensored-r/BitcoinMarkets] [Daily Discussion] Wednesday, July 17, 2019

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Thread topics include, but are not limited to:

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• Altcoins Discussion: Altcoin Discussion

[Daily Discussion] Wednesday, July 17, 2019

Thread topics include, but are not limited to:

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[Daily Discussion] Wednesday, July 17, 2019

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[Daily Discussion] Wednesday, July 17, 2019

Thread topics include, but are not limited to:

• General discussion related to the day's events
• Technical analysis, trading ideas & strategies
• Quick questions that do not warrant a separate post

Thread guidelines:

• Be excellent to each other.
• Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:

• Get an invite to live chat on our Slack group
• Set your flair to trade pretend money in the Flair Game
• Weekly threads: Newbie Mondays and Fundamentals Fridays